Facebook accelerating IPO timetable?

Employees at social networking giant reportedly buzzing about pending S-1 filing


So a Facebook IPO early next year would be more in line with the plan reported last January.

The other possible motivation for moving up the IPO from late next year (assuming it actually had been pushed back to then) is to take advantage of a hungry tech IPO market. For all the turbulence on Wall Street over the past few months, daily discount site Groupon (NASDAQ: GRPN) had a very successful ticker debut two weeks ago today, despite serious reservations about mounting losses, growth plateaus and questionable management. I'm sure that wasn't lost on Zuckerberg and Facebook's largest investors, including likely IPO underwriter Goldman Sachs.

Even consumer review site Angie's List (NASDAQ: ANGI) -- whose relatively modest IPO raised $114 million -- saw shares climb as high as 44% in their first day of trading on Thursday.

So the demand is there. And Facebook knows it. Sounds like cash-in time approaches.

Join us:






Answers - Powered by ITworld

ITworld Answers helps you solve problems and share expertise. Ask a question or take a crack at answering the new questions below.

Ask a Question